Who Had to Ratify the Constitution Before It Could Go

question 4

Multiple Choice

Who had to ratify the Constitution before it could go into effect?

• A) The state legislatures of twelve states
• B) A simple majority of the state legislatures
• C) All thirteen states in ratifying conventions
• D) Nine states in ratifying conventions

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Definitions:

Dominant Strategy

A strategy in game theory that yields the highest payoff for a player no matter what the other players do.

Annual Profit

The total earnings a company makes in one fiscal year after all expenses and taxes have been subtracted from its total revenue.

Nash Equilibrium

A concept within game theory where each player's strategy is optimal when considering the decisions of other players, leading to a situation where no participant can gain by unilaterally changing their strategy.

Duopolists

Two firms or parties that dominate the market for a particular product or service.